Drought Insurance for Ranchers
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What is Drought Insurance?
Pasture, Rangeland, and Forage (PRF) insurance is often mistakenly called “drought insurance.” However, PRF is more accurately described as “rainfall volatility insurance” because it’s not limited to stiff parameters like NAP, LFP, and other disaster programs.
With PRF, your coverage is not restricted to apply only in drought conditions. Instead, PRF insurance triggers an indemnity payment whenever rainfall on your insured land is below the 70-year average during covered intervals to supplement your operations’ financial losses caused by lower-than-normal precipitation.
Using an accurate map of your land and historic rainfall data Redd Summit’s software will generate hundreds of thousands of policy simulations to identify which of your land’s grids and coverage intervals maximize your potential to receive an indemnity payment.
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CUSTOMIZED POLICIES
Enjoy insurance policies that are custom-tailored to meet your operation’s unique needs
YEAR-ROUND SUPPORT
Benefit from year-round access to Ag-Industry experts eager to help manage risk on your ranch
Ranching Expertise
Know you’re working with a team of fellow ranchers, who understand your challenges
MAPPING SOFTWARE
Ensure that your PRF policy is built with precision through industry-leading software
100
+
Years
Lean on a team with 100+ years of ranching experience dedicated to your operation’s success.
92
%
RENEWAL
Enjoy the same coverage and support that has led to 92% of ranchers renewing their policies year after year.
9.7
/10
Ranches
Entrust your coverage with a team that has received a satisfaction rating of 9.7/10 from insured producers
50
M
ACRES
Make your ranch a part of the 50 million+ acres currently safeguarded with PRF insurance.
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PRF IS RAINFALL VOLATILITY INSURANCE
PRF is not drought insurance. Instead, it protects your ranch from losses caused by volatile rainfall by providing indemnity payments when precipitation in your area is lower than the 70-year average.Get Paid Indemnities When Rainfall is Low
Indemnity payments are issued automatically when rainfall is lower than average in covered intervals and can be used however the rancher chooses. Some purchase hay to supplement their forage loss, upgrade equipment, pay off debt, or save for the future.
NO UP-FRONT COSTS
Your premium is not due up-front. The indemnity payment goes towards the premium until the balance is satisfied, after which any additional payments go straight to you with no out-of-pocket costs.
USDA SUBSIDIZED
PRF insurance is USDA subsidized, meaning the US federal government pays a portion of your premium.
HOW IS PRF DIFFERENT FROM DISASTER RELIEF PROGRAMS?
Disaster programs like LFP and NAP exist to assist agricultural operations during catastrophic weather events, and assistance is provided based only on your perceived need if you meet certain parameters. While PRF is sometimes referred to as “drought insurance”, it is fundamentally different from these disaster programs.
PRF is better described as rainfall volatility insurance. PRF is intended to maintain your profitability by triggering an indemnity payment automatically whenever precipitation is lower than the 70-year average on your rangeland during your coverage interval. This means that you can receive coverage outside of drought periods or other catastrophic weather events, and you’ll never have to file a claim or meet with an adjuster.
GET THE BEST PRF POLICY WITH REDD SUMMIT ADVISORS
The team at Redd Summit is comprised of multi-generational ranchers and industry experts who build your policy with over 100 years of combined experience. You will only receive a policy that we’d feel confident using on our own land.
Along with a policy through Redd Summit Advisors, you’ll have access to our support throughout the year with monthly statements, weather reports, and exclusive access to an in-house Ag Risk consultant.
100
+
Years
Lean on a team with 100+ years of ranching experience dedicated to your operation’s success.
92
%
RENEWAL
Enjoy the same coverage and support that has led to 92% of ranchers renewing their policies year after year.
9.7
/10
RATING
Entrust your coverage with a team that has received a satisfaction rating of 9.7/10 from insured producers
50
M
ACRES
Make your ranch a part of the 50 million+ acres currently safeguarded with PRF insurance.
Drought Insurance
FAQs
Answers to your questions.
That is based on your county values assigned by the USDA. It can vary.
No, crop insurance through PRF coverage protects you from rainfall volatility, not drought conditions.
The main difference between pasture and rangeland lies in whether or not the grasses grown on the land are domesticated or native to the area. According to the EPA, pasture includes “lands that are primarily used for the production of adapted, domesticated forage plants for livestock”, while rangelands are primarily made up of grasses that are natural and native to the area.
By offering financial means outside your normal yearly budget when you need the capital most! This helps avoid coming up with needed funds to address situations such as buying forage, or the need to sell livestock or other needed equipment to avoid or cover those unexpected expenditures.
Pasture, Rangeland, and Forage insurance protects your grazing land from losses due to rainfall volatility.
Livestock grazing is the most common use of rangeland. It is also the main management tool to maintain forage production and soil health.
Get a free PRF policy preview
Find out how PRF would perform on your land this year without having to sign up!
Get a free lrp policy preview
Find out how LRP would perform on your land this year without having to sign up!
WE’D LOVE TO COME SEE YOUR RANCH!
We make regular visits to ranches across the country, we would love to come visit you and show you the benefits of PRF insurance.
Trusted by 800+ ranches & 50 million acres
"PRF Insurance helped maintain our herd size. It even increased a little during dry years."
Dennis W Jones
"PRF through Redd Summit has greatly improved our operation in a short time by balancing cash flow ebbs and flows that were due to dry spells. Redd Summit is great to work with and diligent in answering any questions that we might have."
Jacob Doonan
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